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Billionaire Profile
Giancarlo Devasini
Global Rank
#109

Image: Unsplash Contributor | Unsplash License | via Unsplash

Giancarlo Devasini

CEO, Cryptocurrency
ITALY
Real-Time Net Worth
$22.437B
Estimated based on Cryptocurrency stock value as of March 6, 2026
0% (24h)
Age
61
Source
Cryptocurrency
Industry
Finance & Investments
Citizenship
ITALY

Biography

Giancarlo Devasini, born in Turin, Italy, in 1964, is a prominent figure in the cryptocurrency industry. Currently serving as the Chairman of Tether, the world's largest stablecoin issuer, and CFO of Bitfinex, he has amassed a substantial net worth, primarily from his involvement in cryptocurrency. His estimated net worth is $22.4 billion. Devasini's career began in medicine, but he transitioned to the IT sector and eventually became a key player in the digital currency market. He co-founded Tether in 2014, which has become a cornerstone of the crypto ecosystem. Known for his reclusive nature, Devasini has significantly influenced the industry's liquidity and stability.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Giancarlo Devasini was born in Turin, Italy, in 1964. He graduated from the University of Milan with a degree in medicine in 1990. Initially, he worked as a plastic surgeon performing plastic surgery. However, after two years, he left medicine and entered the IT industry.

Rise to Success

Devasini's entrepreneurial journey began in the IT sector. He founded companies specializing in distributing computer components. He also founded a food delivery company called Delitzia. He later discovered cryptocurrencies and became involved in the founding of the Bitfinex trading platform in 2012. In 2014, he co-founded Tether, which became the largest stablecoin by market capitalization. In March 2025, Devasini was appointed Chairman of Tether.

Key Business Strategies

Devasini's success is largely attributed to his strategic roles in Bitfinex and Tether. As the CFO and now Chairman of Tether, he has been instrumental in managing the financial aspects of maintaining USDT's peg to the dollar and navigating regulatory challenges. This has been pivotal in maintaining the liquidity of Tether and the overall cryptocurrency ecosystem.

Philanthropy

Information on Giancarlo Devasini's philanthropic activities is currently unavailable.

Career Milestones

1990

Graduated from University of Milan

Obtained a degree in medicine and surgery.

1990-1992

Practiced as a Plastic Surgeon

Worked as a cosmetic surgeon for two years.

1992

Founded Point-G Srl

Founded a company that imported computer components from Asia.

1995

Accused of product piracy by Microsoft

Paid a fine to avoid prosecution

2012

Invested in Bitfinex

Became involved in the cryptocurrency exchange.

2014

Co-founded Tether

Launched the stablecoin USDT.

2025

Appointed Chairman of Tether

Became Chairman of Tether in March 2025.

Philanthropy & Social Impact

Information not available

Information not available

Undisclosed

Information not available

Business Philosophy & Leadership

Notable Quotes

"Information not available"

Leadership Principles

Information not available

Information not available

Controversies & Challenges

1995

Accused of product piracy by Microsoft

Devasini's company was accused of selling counterfeit Microsoft software.

2018

Bitfinex Financial Difficulties

Devasini used Tether's reserves to keep Bitfinex afloat.

2021

Settlement with New York Attorney General

Paid a fine of $18.5 million to settle a lawsuit.

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